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ETAuto BureauNEW DELHI: Maruti Suzuki, India's largest car maker by volume, has launched new new dealership format Nexa for its premium-end cars. The Nexa outlets will start operations with the sales of its upcoming crossover S-cross. The vehicle is expected to be will be launched on August 5.Maruti Suzuki is planning to open 100 outlets in the nezxt 6 months, up from 35 which are already operational. The company said the Nexa dealers are chosen from the existing dealership owners so that there is no conflict of interest between the regular and Nexa dealers. "300 dealers have made the merit least and 100 have chosen to open the dealership," said R S Kalsi, executive director, marketing and sales, Maruti Suzuki India.This new format is designed to attract customers who are looking for premium cars and thus a slightly different buying experience. With S-cross, Maruti is trying to re-enter a segment which has not proved to be a happy hunting ground for the automaker. It's stint with the … [Read more...] about Maruti’s premium dealership ‘Nexa’ launched

In the orders issued on Monday, the government has released the amount that includes ₹1,141.44 crore towards premium amount at ₹3,486.9, including GST per every insured farmer, and ₹32.1 crore towards stamp duty for insuring 32.73 lakh farmers in the age group of 18 to 59 years or those who were born between August 14, 1961 and August 14, 2002, both days inclusive. … [Read more...] about Telangana’s Rythu Bima premium released

The MG Gloster features a proper SUV stance with a bold grille up front, large windows, flared wheel arches and an extremely dominating design, which will definitely command a massive road presence. This is further accentuated by its large proportions, with its length measuring over 5 metres and width coming in just under 2 metres. … [Read more...] about MG Gloster Premium SUV First Official Teaser Video Released: Will Rival The Jeep Grand Cherokee

According to Deputy Director of VSI Tran Dinh Lieu, more than 15.2 million people joined social insurance in the January-July period. Over 12.7 million people had unemployment insurance, and more than 85.9 million health insurance, or 88.8 percent of the population. … [Read more...] about Businesses owe nearly $900 million in social insurance premiums because of COVID-19

Hero MotoCorp is planning to introduce a range of motorcycles over the next 6-18 months to strengthen its position at the premium end of the market.The company has identified the 200cc segment as its core area of focus. Hero MotoCorp, which continues to dominate the entry-level motorcycle market in the country, currently has no products in the space.“We have identified the 200cc segment as the main opportunity space for us in the highly-competitive but a rapidly-growing premium segment,” a top company executive told ET on condition of anonymity.Hero MotoCorp, which continues to dominate the entry-level motorcycle market in the country, currently has no products in the space. “Over the next 6-18 months, we will introduce multiple new motorcycles in that segment with very competitive pricing to aggressively gain market share.Going forward, we will surely be moving further up on to still higher engine capacity but that will happen gradually,” he added.Also Read: … [Read more...] about Hero MotoCorp is planning to introduce premium bikes